There are different areas of criteria that a site must match before it is acquired. This includes market, property, land, age, size, and financial criteria.
- Full property description (including acreage and zoning status/regulations)
- Terms of financing
- An area map
- Current rent toll & occupancy report for the past 12-months
- Existing management agreement
- Previous year’s year-end operating statement
- Year-to-date detailed operating statement
- Properties that present value enhancements opportunities
- Properties where current ownership needs liquidity
Multi-family residential land: Land suitable for development of new rental communities at densities of 15 to 100 units per acre. Areas of growth, or improving with net rents sufficient to support market return on costs.
Residential land: Land suitable for housubg development with a minimum of 5 acres or more. Surrounding areas to be upscale, or improving with net pay sufficient to support market return on costs.
Senior Housing land: Land suitable for development into senior housing. Should be centrally located to other residential areas as well as hospitals, shopping facilities and regional transportation routes.
Commercial land: Location must be in a very active marketplace. Competition is active but absorption is reasonable at pro forma market rents. Cost to finish land for construction is not extraordinary.
Hospitality land: Prefer relatively flat and reasonably configured, sufficient water and sewer capacity, upscale area, near shopping, recreation and regional transportation routes. No unusual soil or environmental conditions.
If your site meets the criteria, contact us to submit a property or opportunity.